Homes San Marcos

Short sales and foreclsoures are only half the story!

admin — Fri, 22 Jul 2011 16:43:29 +0000

Jeannie Muldoon of Fidelity National Title reports that only half of the real estate market in Carlsbad, Encinitas, Oceanside, San Marcos, Vista and surrounding areas are distressed sales.

Month over month trends are showing an increase in regular home and real estate sales in San Diego County.
Up from 40% regular home sales in January to 51% regular home sales in June.

Short sales seem to be leveling out and holding steady at 18% of the market and Foreclosure/bank owned sales are hovering around 23% of the market.

Foreclosure auctions are holding at 8% of the market.

Looks like things might be starting to turn around!

News: California SB 458 Passed

admin — Thu, 21 Jul 2011 16:19:09 +0000

California Governor Jerry Brown signed into law SB 458 which adds to a bill that passed last year, SB 580E. SB 458 prohibits banks in San Diego North County area of Carlsbad, Encinitas, San Marocs, Vista and surrounding cities, from pursuing home owners for a deficiency judgement for 1-4 units homes who choose to short sell their homes or real estate.

From California Association of Realtors President Beth L. Peerce:
“The signing of this bill is a victory for California homeowners who have been forced to short sell their home only to find that the lender will pursue them after the short sale closes, and demand an additional payment to subsidize the difference,”

“SB 458 brings closure and certainty to the short sale process and ensures that once a lender has agreed to accept a short sale payment on a property, all lienholders – those in first position and in junior positions – will consider the outstanding balance as paid in full and the homeowner will not be held responsible for any additional payments on the property.”

This is great news for struggling home owners!

Short sales and Mortgage Modifications

admin — Sun, 17 Oct 2010 18:18:29 +0000

For San Diego North County Home owners that are behind on their mortgage payment, or home owners that are upside down and need help in San Marcos, Carlsbad, Encinitas or surrounding areas, their are options.

If you are upside down on your home or behind on your mortgage payments you have a few options:

1. Reinstatement (Cure): The easiest way for a borrower to cure a delinquency is
to pay the lender everything owed. The reinstatement period varies from state
to state. In California, the borrower has the legal right to reinstate a loan up until
5 business days prior to the trustee’s sale.

2. Modification: A loan modification involves changing the terms of a mortgage.
Adding delinquent payments to the mortgage balance. Modifications are not
easily granted and there must be strong justifiable reasons for the request.

3. Forbearance Agreement: The lender will allow the borrower a period of time
during which to make either lower payments or no payments at all. Unless the loan
term is extended, later payments generally will have to be higher than the original
monthly mortgage payments until the loan is up-to-date again.

4. Short Sale: A short sale occurs when a property is sold and the lender agrees to
accept a discounted payoff, meaning the lender will release the lien that is secured
to the property upon receipt of less money than is actually owed.

5. Bankruptcy: A Chapter 13 bankruptcy may help the borrower save their home from
foreclosure if all other options have failed. The borrower will need to consult a
bankruptcy attorney. Legal advice is always recommended prior to filing.

When helping you navigate what option is right for you , there is NEVER ANY CHARGE TO YOU.
IF we find a solution we get paid directly from the bank… that is right NO CHARGE TO THE HOME OWNER… EVER!

What I offer:
*As a San Diego Native I have extensive knowledge of the area and the real estate market.
*Years of experience helping buyers and seller negotiate this crazy real estate market.
*A full time San Marcos Realtor , North County Realtor serving San Marcos, Carlsbad, Encinitas and surrounding areas From South Bay to Temecula.
* Doing short sales since 2005

Mortgage Modifications

admin — Wed, 02 Jun 2010 17:16:36 +0000

It is no secret about the rising amount of mortgages that need modifications.
Here are the steps to see if you can do a mortgage modification on your home.

First you have to ask your self:

1. Do you owe more then your home or mortgage then it is worth?

2. Have you had a financial hardship (ie a loss of income).

There are a lot of companies that will do a mortgage modification for a fee.
My 2 cents before you go down that path is to call your lender and see what you can do on your own.
The important thing to remember is to keep a cool head. Then be persistent. If you don’t like what your lender tells you, call back the next day and ask again and you have to be organized, take lots of notes.

Here are the basic steps:

1. Call your lender and ask for the Loss Mitigation Department.
You want to ask for a mortgage modification package or a loan modification package.
Have a fax number ready to give them as they will fax the package to you.
Say Thank You and the package should come by fax with in 24 hours.

2. There is a lot of paper work involved with a mortgage modification. Again be organized!
Think of everything you went through to buy your home…. well, now you are gonna do that in reverse.
Your lender will give you a list of documents they will want from you in order to consider a mortgage modification for you. Get your pay stubs, bank statements, tax returns, W2’s together, along with a hardship letter. It is best to hand write your hardship letter (MAKE IT LEGIBLE) you need to tell the bank why they should give you a discount. Tell the truth but give them all the details, if it is medical or if you have had your hours cut at work or have flat out been laid off.

3. With doing a mortgage modification your lender will have certain time frames you need to get things back to them. GET IT BACK TO THEM! Otherwise they will scrape your mortgage modification and you will have to start all over.

4. Fax everything back to your lender 1 time, in one complete package! wait 24 hours call in to make sure it has been received and then follow up ever 24-48 hours to see how things are going after about 2 weeks start asking if it has been assigned to a negotiator or asset manager. It is best that when you call in you all ready have done your math. Take 35% of your monthly income and figure out what your interest rate needs to be to make that work with your current loan balance… Ask for that interest rate.

For every $1,000 of income – That equals $350 of house payment.

For every $100,000 of mortgage – Every percent equals about $84 on a monthly payment.

If you are making $1,000 a month and you owe $100,000 on your home at 7% your monthly payment would be about $584 a month.

If your lender could keep you in your home by lowering your interest rate to 4% your payment would drop down to about $334 a month.

I have seen 6 and 7% mortgage’s get cut down to 2% and I have people get rejected all together.

Here is the deal. It cost the banks a lot of money to foreclose on a property and at the end of the day they do not want to take your home back. If they can cut a deal that makes “cents” for them they will do it.

Your lender wants to know if they give you a discount, will you be able to make your payments? Your lender will look at your total current income and see if they can adjust your current interest rate to make your monthly payment equal to about 35% of your monthly income. Depending on the scenario they may only offer a 12 month mortgage modification or they might do longer, it is handled case by case.

The Federal Government has come out with the HAFA program, however it is voluntary for lenders to participate in it. You can read more at: http://www.homessanmarcos.com/san-marcos-making-homes-affordabl

HAFA spells out a lot of the criteria that lenders look for when considering a mortgage modification on your home.
Lenders are under no obligation to give you a Mortgage Modification.
But it does not hurt to ask!
Cheers,
www.HomesSanMarcos.com

This information is deemed reliable but is not guaranteed, individual results will vary.

School Locator and Scores

admin — Wed, 05 May 2010 17:54:37 +0000

Navigate the map below to see the schools in your area and how the different schools rate!

San Marcos schools

California schools

I want this widget for my site

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Venzano New Homes for sale in San Marcos

admin — Tue, 04 May 2010 17:13:44 +0000

Venzano offers 4 wonderful floor plans in the 129 home development. The homes in San Marcos sit on an approximate lot size of 5500 sq. ft. Located in the San Marcos foot hills near the Elfin Forest Reserve and is in close proximity to the San Elijo 19 acre sports park and the 18 miles of San Elijo Hills hiking trails.
Welcome Home!

Get to Know San Marcos

admin — Fri, 30 Apr 2010 15:26:00 +0000

View San Marcos Homes For Sale in a larger map

Carlsbad Village Home for sale – Video Tour

admin — Fri, 23 Apr 2010 22:16:48 +0000

Stunning home in the heart of charming Carlsbad Village! Just a few short blocks to the beach, restaurants, and exquisite shops. Elegant yet casual. Bring your most discriminating buyer, this home shows like a model. 4 bedrooms and 2 and a half baths, Complete with Master retreat with balcony, custom tile throughout first level, designer paint and window treatments. Fully landscaped with mature palm trees, low maintenance yard. Patio plumbed for firepit/BBQ. Large 2-car finished garage. Welcome Home!

690 Laguna Dr
Carlsbad, Ca 92008

Testimonials

admin — Fri, 23 Apr 2010 22:04:33 +0000

What people are saying about working with Realtor James Baxter.

“Hey James,
I have been meaning to take a moment to thank you both for all that you have done to get us into our beautiful home! We have been in a whirlwind since we got the keys in hand…what a wonderful blessing. We are so thankful for your friendship and the friendship both my boys have with Alex! James. thank you for all your time and hard work in making this all happen…selling our condo to getting us in the best home for our family. I was always so impressed when we went to look at a home how “professional” you were in your explanations and that you made it fun as our friend. And it was so great to have you Susie along to see the homes… you had such great insight into the different homes and it was fun to laugh at the craziness of how messy people can be. I look forward to making new memories as friends in our new home too!
Thanks so much from our family to yours!
The Groves”

“James,
First of all, thank you so much for spending so much time to help me find a home today. You made what has become a frustrating search a very enjoyable search and I had a great time. Getting an offer accepted is just the icing on the cake. Kat and I giggled all the way back to Irvine talking about how funny and nice and patient you were and I appreciate the fact you were not pushy at all. You are awesome!
Bobbie”

““James stuck with our family through a long home search. He is now a great friend.””
Clint”

““I had been through 3 different Realtor when a friend had referred James to me. To say I was frustrated with the whole home buying processes was an understatement. James took the time to really learn what I wanted in my next home and was able to quickly find it and negotiated an offer for me and got it accepted.”
Pam”

“James came to our rescue, we were about to loose our home to a foreclosure and we had hit rock bottom, we did not know where to turn. He was able get a buyer for our home and negotiated a short sale with our bank all in about 45 days. It was a breath of fresh air to be able to breath again. I would definitely recommend James to anyone looking to buy or sell a home, specially if they are upside down and need to do a short sale!”
Dennis”

James Baxter San Marcos Realtor

admin — Fri, 23 Apr 2010 21:50:08 +0000

Whether you are a seller or a buyer you owe it to yourself to have the finest representation available when you sell or buy your next home. I have had the pleasure of helping clients fulfill their dreams for many years. While other agents may try to dazzle you with their success stories, I believe that my greatest spokesmen are my loyal and satisfied clients. Please take the time to read what some have said about their experiences with me by reading the testimonial letters posted on this site. The simple truth is that selling or buying a home can be a daunting experience. You need an agent that can lead you through the maze with confidence.

My goal is simple …
I want to provide the very best service to my clients. This means that for the home seller, I want to ensure that every home listed through me is given the attention necessary to properly promote it in the marketplace, and that every buyer that I assist receives everything they need to find the home they’ve been looking for. A Key part of providing the best service to my clients is to provide them with the guidance and support needed throughout the entire selling or buying experience.

My website is part of the services I offer my clients …
I make sure that buyers can use my site to review appropriate listings, receive email alerts on new properties coming on the market, and provide access to useful information needed to help them make a good purchase decision. For sellers, my site is the first of many listing sites I will use to promote their property and it provides the foundation of listings I place on Internet real estate sites such as Google Base, Trulia, and others.

Buying a home?
Your satisfaction is my top priority! I will take the time to listen to your needs and desires and help you find your dream home.

Selling your home?
I will get your home sold for top dollar and in a timely manner. My online and offline marketing programs give me the edge needed to make this possible.

Service is a one-on-one activity …
Ultimately, providing good services is a personal commitment that I make to my clients to do what’s necessary to gain their trust and satisfaction with my service. When purchasing a home, you are faced with a multitude of decisions! The primary one is whether you are actually prepared to purchase a home. Locating the perfect home is not always an easy task, and obtaining a mortgage loan can be a complex and tiring process. Although, once you have determined that you are ready to move forward with the required effort towards your home-purchasing goal, the rewards are unquestionable.

While at your side each step of the way, I will make the process of purchasing a home easier, more enjoyable, less time-consuming, and less expensive than if you undertook this challenge on your own. I will help you prepare so that sellers perceive you as a preferred buyer, help you locate and assess properties for sale that match your specifications, and help you through the myriad of details attending the actual purchase.

The bottom line:
I am here — full-time, all the time — to provide direct support for your real estate needs!
Contact Me Today!

* Encinitas, California
* Escondido, California
* Carlsbad, California
* Vista, California
* Oceanside, California
* Rancho Sante Fe, California
* San Marcos, California
* Del Mar, California
* San Diego, California